How much money do you need to get FIRE?
How much money do you need to get FIRE?
Imagine a tool, a financial compass of sorts. It's a calculator designed to help you forecast the wealth required to comfortably meet your monthly expenses in the years to come. Think of your money as being safely tucked away in the S&P 500 index fund. Each month, you withdraw only what you need, letting the rest flourish at market rates.
This isn't just a tool for budgeting. It's a forward-thinking device, designed to estimate the funds necessary to navigate through the seas of future expenses. A handy way to chart your financial voyage. Ready to set sail?
Living expense
Monthly Budget:
6000
Provide how much money you need to spend monthly on the first year you start FIRE.
Annual Spending increase (Inflation):
3.8
This is the expected average inflation rate, You can check historical US inflation rate in the following places:
Investment
Current Cash you can invest
500000
The amount that you currently have and you can put them as investment.
Market return rate:
9
It is recommended to put all your money in an investment account in an index fund like S&P 500 with low cost.
Assuming you put all your money in an index fund like S&P 500 what is your annual expected return rate.
The average annualized return of S&P 500 since its inception in 1928 through Dec. 31, 2022, is 9.82%.
The average annualized return of S&P 500 since adopting 500 stocks into the index in 1957 through Dec. 31, 2022, is 10.15%.
Age consideration
Start Age:
40
Age you get want to get FIRE (From this age you will solely depends on income from your investments)
Number of years:
51
How many years do you need the money before you can start using other sources?
Taxes
Retirement tax rate (Over Age 59 1/2)
20
Long Term Capital Gain Tax:
15
The tax you will be selling on the stocks you are going to sell.
401K Investments
Enable 401K investments
401k Account Value
200000
Roth IRA
100000
Social Security
Enable social security benefits
Starting Age
What age you want to start receiving benefits (minimum 62)
67
Benefits per month
3800
Adjust the amount based on future dollar (Apply Inflation)
What you see in social security portal is not adjusted based on future inflation. We can use the same inflation you provided earlier to adjust this income. Other option is to and get the future dollar value.
You need to add $672,835to your initial investment
672,835
Market return rate: %
Inflation: %
Monthly Budget:
Social Security:
Initial Investment:
401K Investments:
Roth IRA:
Capital Gain Tax Rate: %
Retirement Tax Rate: %
Get FIRE at age (for years) until you are years old.
9
3.8
$6,000
Age: 67 Amount: $3800 (Adj Inflation)
$500,000
$200,000
$100,000
15
20
40
51
91
Money Spend Rate
Break Down
Year
Age
Inflation
Living Cost
Tax
SSA
Roth IRA
401K
Investment
Additional Invest
401K deduct
Investment Deduct
Roth deduct
Unfunded
1
1
40
100.00
$72,000
$12,706
$0
$100,000
$200,000
$415,294
$672,835
0
$84,706
$0
$0
2
2
41
103.80
$74,736
$13,189
$0
$109,000
$218,000
$364,746
$733,390
0
$87,925
$0
$0
3
3
42
107.74
$77,576
$13,690
$0
$118,810
$237,620
$306,307
$799,395
0
$91,266
$0
$0
4
4
43
111.84
$80,524
$14,210
$0
$129,503
$259,006
$239,141
$871,341
0
$94,734
$0
$0
5
5
44
116.09
$83,584
$14,750
$0
$141,158
$282,317
$162,330
$949,762
0
$98,334
$0
$0
6
6
45
120.50
$86,760
$15,311
$0
$153,862
$307,726
$74,869
$1,035,241
0
$102,071
$0
$0
7
7
46
125.08
$90,057
$13,911
$0
$167,710
$335,421
$6,738
$1,128,413
0
$74,869
$0
$17,868
8
8
47
129.83
$93,479
$16,318
$0
$182,804
$365,609
$606
$1,210,494
0
$6,738
$0
$102,048
9
9
48
134.77
$97,031
$17,107
$0
$199,256
$398,514
$55
$1,208,206
0
$606
$0
$113,441
10
10
49
139.89
$100,718
$17,772
$0
$217,189
$434,380
$5
$1,193,294
0
$55
$0
$118,427
11
11
50
145.20
$104,545
$18,449
$0
$236,736
$473,474
$0
$1,171,605
0
$5
$0
$122,988
12
12
51
150.72
$108,518
$19,150
$0
$258,042
$516,087
$0
$1,142,992
0
$0
$0
$127,668
13
13
52
156.45
$112,642
$19,878
$0
$281,266
$562,535
$0
$1,106,703
0
$0
$0
$132,520
14
14
53
162.39
$116,922
$20,633
$0
$306,580
$613,163
$0
$1,061,859
0
$0
$0
$137,555
15
15
54
168.56
$121,365
$21,417
$0
$334,172
$668,348
$0
$1,007,491
0
$0
$0
$142,782
16
16
55
174.97
$125,977
$22,231
$0
$364,247
$728,499
$0
$942,532
0
$0
$0
$148,208
17
17
56
181.62
$130,764
$23,076
$0
$397,029
$794,064
$0
$865,813
0
$0
$0
$153,840
18
18
57
188.52
$135,733
$23,953
$0
$432,762
$865,530
$0
$776,051
0
$0
$0
$159,686
19
19
58
195.68
$140,891
$24,863
$0
$471,711
$943,428
$0
$671,838
0
$0
$0
$165,754
20
20
59
203.12
$146,245
$25,808
$0
$514,165
$1,028,337
$0
$551,631
0
$0
$0
$172,053
21
21
60
210.84
$151,802
$26,789
$0
$560,440
$1,120,887
$0
$413,740
0
$0
$0
$178,591
22
22
61
218.85
$157,570
$0
$0
$439,128
$1,221,767
$0
$256,313
0
$0
$157,570
$0
23
23
62
227.17
$163,558
$0
$0
$300,371
$1,331,726
$0
$279,381
0
$0
$163,558
$0
24
24
63
235.80
$169,773
$0
$0
$142,352
$1,451,581
$0
$304,525
0
$0
$169,773
$0
25
25
64
244.76
$176,224
$8,468
$0
$0
$1,536,073
$0
$331,932
$42,340
$0
$142,352
$0
26
26
65
254.06
$182,921
$45,730
$0
$0
$1,425,090
$0
$361,806
$228,651
$0
$0
$0
27
27
66
263.71
$189,872
$47,468
$0
$0
$1,294,648
$0
$394,368
$237,340
$0
$0
$0
28
28
67
273.73
$197,087
$44,279
$99,858
$0
$1,278,692
$0
$429,861
$121,536
$0
$0
$0
29
29
68
284.14
$204,576
$45,961
$103,653
$0
$1,256,266
$0
$468,548
$126,154
$0
$0
$0
30
30
69
294.93
$212,350
$47,708
$107,592
$0
$1,226,597
$0
$510,717
$130,948
$0
$0
$0
31
31
70
306.14
$220,419
$49,521
$111,680
$0
$1,188,834
$0
$556,681
$135,924
$0
$0
$0
32
32
71
317.77
$228,795
$51,403
$115,924
$0
$1,142,042
$0
$606,782
$141,089
$0
$0
$0
33
33
72
329.85
$237,489
$53,356
$120,329
$0
$1,085,195
$0
$661,392
$146,450
$0
$0
$0
34
34
73
342.38
$246,514
$55,383
$124,901
$0
$1,017,165
$0
$720,917
$152,016
$0
$0
$0
35
35
74
355.39
$255,882
$57,488
$129,648
$0
$936,716
$0
$785,799
$157,793
$0
$0
$0
36
36
75
368.90
$265,606
$59,673
$134,574
$0
$842,490
$0
$856,521
$163,790
$0
$0
$0
37
37
76
382.92
$275,699
$61,940
$139,688
$0
$732,999
$0
$933,608
$170,014
$0
$0
$0
38
38
77
397.47
$286,176
$64,294
$144,996
$0
$606,612
$0
$1,017,633
$176,475
$0
$0
$0
39
39
78
412.57
$297,051
$66,737
$150,506
$0
$461,540
$0
$1,109,220
$183,181
$0
$0
$0
40
40
79
428.25
$308,339
$69,273
$156,225
$0
$295,824
$0
$1,209,050
$190,142
$0
$0
$0
41
41
80
444.52
$320,056
$71,906
$162,162
$0
$107,318
$0
$1,317,864
$197,368
$0
$0
$0
42
42
81
461.41
$332,218
$65,112
$168,324
$0
$0
$0
$1,436,472
$107,318
$0
$0
$66,560
43
43
82
478.95
$344,842
$64,966
$174,720
$0
$0
$0
$1,493,204
0
$0
$0
$200,143
44
44
83
497.15
$357,946
$67,434
$181,360
$0
$0
$0
$1,409,437
0
$0
$0
$207,748
45
45
84
516.04
$371,548
$69,997
$188,251
$0
$0
$0
$1,309,840
0
$0
$0
$215,643
46
46
85
535.65
$385,667
$72,657
$195,405
$0
$0
$0
$1,192,675
0
$0
$0
$223,838
47
47
86
556.00
$400,322
$75,418
$202,830
$0
$0
$0
$1,056,033
0
$0
$0
$232,343
48
48
87
577.13
$415,534
$78,283
$210,538
$0
$0
$0
$897,822
0
$0
$0
$241,172
49
49
88
599.06
$431,324
$81,258
$218,538
$0
$0
$0
$715,749
0
$0
$0
$250,336
50
50
89
621.83
$447,714
$84,346
$226,843
$0
$0
$0
$507,300
0
$0
$0
$259,848
51
51
90
645.46
$464,727
$87,551
$235,463
$0
$0
$0
$269,722
0
$0
$0
$269,722
52
52
91
669.98
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
53
53
92
695.44
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
54
54
93
721.87
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
55
55
94
749.30
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
56
56
95
777.78
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
57
57
96
807.33
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
58
58
97
838.01
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
59
59
98
869.85
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
60
60
99
902.91
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
61
61
100
937.22
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
62
62
101
972.83
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
63
63
102
1009.80
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
64
64
103
1048.17
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
65
65
104
1088.00
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
66
66
105
1129.35
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
67
67
106
1172.26
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
68
68
107
1216.81
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
69
69
108
1263.05
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
70
70
109
1311.04
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
71
71
110
1360.86
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
72
72
111
1412.58
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
73
73
112
1466.25
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
74
74
113
1521.97
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
75
75
114
1579.81
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
76
76
115
1639.84
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
77
77
116
1702.15
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
78
78
117
1766.84
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
79
79
118
1833.98
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
80
80
119
1903.67
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
81
81
120
1976.01
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
82
82
121
2051.09
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
83
83
122
2129.04
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
84
84
123
2209.94
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
85
85
124
2293.92
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
86
86
125
2381.09
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
87
87
126
2471.57
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
88
88
127
2565.49
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
89
89
128
2662.98
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
90
90
129
2764.17
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
91
91
130
2869.21
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
92
92
131
2978.24
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
93
93
132
3091.41
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
94
94
133
3208.88
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
95
95
134
3330.82
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
96
96
135
3457.39
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
97
97
136
3588.77
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
98
98
137
3725.15
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
99
99
138
3866.70
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
100
100
139
4013.64
$0
$0
$0
$0
$0
$0
$0
0
$0
$0
$0
There are no rows in this table
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